Wednesday, September 13, 2017

"It’s too early to tell how market share for automotive LiDAR is shaping up, as the bigger vendors are still working to make sensors cost-efficient for use in advanced driver-assistance systems and automated driving.

Market research firms are issuing hockey-stick analyses on the LiDAR market’s potential growth. Grand View Research forecasts the worldwide automotive LiDAR market will be worth $223.2 million by 2024.

BIS Research estimates the automotive LiDAR market was worth $65 million last year. It will show double-digit compound annual growth over the next decade, according to the firm."